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Video: Rail mergers are inevitable, CP Rail COO says
2015-11-17 20:48:09| Railroads - Topix.net
The chief operating officer of Canadian Pacific Railway Ltd. says rail mergers are bound to happen, but refused to confirm CP is in talks to buy Virginia-based Norfolk Southern Corp. Greg Bonnell reports.
Tags: video
says
rail
inevitable
Ackman's 71-Year-Old Rail CEO Hunts for His Biggest M&A Deal Yet
2015-11-16 09:27:28| Railroads - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The man Bill Ackman brought in to run Canada's second-biggest railroad likes to say one of his missions is to "make the assets sweat" -- in other words, really put them to work.
Keystone XL's demise won't necessarily lead to boom in shipping crude by rail
2015-11-15 16:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Canadian Press: Now that the Keystone XL pipeline has been rejected, it's not a foregone conclusion that much of the 830,000 barrels a day that would have flowed through it will move on trains instead, industry watchers say. "I think that rail certainly will play a part, but a lot has to do what happens to the price of crude and happens to oilsands projects," said Dirk Lever, an analyst at AltaCorp. Capital. Proponents of Keystone XL and similar proposals frequently trumpeted the benefits of moving crude by...
Tags: shipping
lead
necessarily
boom
Helping history: Altoona plumber lauded for his work on Roosevelt's rail car
2015-11-14 08:57:42| Railroads - Topix.net
Earlier this year, Norfolk Southern Corp. wanted to update a restored private rail car once used by one of the nation's greatest presidents, Franklin Delano Roosevelt. But when the workers tried to repair a leaky faucet in one of the bathrooms, they ran into a problem because of the rail car's age.
Tags: work
history
car
helping
Three more EU rail freight corridors become operational
2015-11-13 01:00:00| Railway Technology
The European Commission has announced that three more EU rail freight corridors (RFCs) have become operational, which completes the European rail network for competitive freight.
Tags: operational
rail
freight
corridors
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